This October 2018, indicators were in the black overall for European hoteliers. With an OR up by +1.5 points, European hoteliers also saw their average daily rates progress by +6% overall allowing for the RevPAR to increase by 8.2% compared with October 2017.
The economy segment reported the best performance in terms of occupancy rate with +2.2 points, the average daily rates increased by +7.1% for the midscale segment, it is also on this segment that the RevPAR posts the best results with growth by +9.3%.
The trend year to date is also positive, confirming the good health of the sector on the old continent: the occupancy rate posted growth by +0.8 point overall, average daily rates progress by +3.2% and the RevPAR by +4.4% with the best results with a +5.1% increase.
Austria, Hungary and France produced the best results and were already taking the lead in September.
+18.2% for the RevPAR in Hungary to reach 74.7€ thanks to an occupancy rate up +2.7 points and average daily rates up 14.4% to reach 87.9€. Austria which progressed by 17.5% in its RevPAR to reach 89.8€ wth an average daily rate up by +13.4% to reach an OR up 2.9 points. France continues to achieve good results with a RevPAR up by +12.4% to 73.4€ driven by an increase in average daily rates by 9.6% and an occupancy rate up by +1.8 point or 73.3%. See detailed results in France trends.
Belgium increases its RevPAR by +10.4% with an average daily rate up +7% and an occupancy rate at +2.5 points thanks to Brussels which does extremely well, contrary to Antwerp and Ghent which are down. Lavia produces a RevPAR up by +8.1%. After 6 months of negative results (except for July) Spain improves with a RevPAR up 7.9% to 77.5€ driven by average daily rates up by +5% combined with an occupancy rate up +2.1 points. Madrid improves by +23%, Bilbao +18.9%, Barcelona regains a positive trend with +5.7%.
The United Kingdom, Germany and Luxembourg post RevPARS up +6.9%, +6.4% and +6% respectively. Greece and the Netherlands, meanwhile, have RevPARs up +4.6%. Business destinations are driving results in the Netherlands, while Amsterdam's occupancy is down -3.3 points resulting in a slight drop in the city's RevPAR by -0.1%.
Italy shows 3.3% growth in its RevPAR with an average daily rate up by 2.5% and an occupancy rate that remains...
Hospitality ON
Press / Research & Studies / Events / Training
-
France
-
2 currents job offers
This content is for subscribers only. You have 80% left to discover.
Every week, the HON team brings you an expert look at the world of hospitality.
By becoming a member, you will have access to a complete ecosystem: exclusive content, jobs, etc.
BECOME A MEMBERAlready a member ? Login
